Bloom Energy stock has retreated into a bear market, falling by 33% from its highest point this year. It dropped to $234 today, continuing a trend that started on June 25 when it reached a record high of $350. So, is this the start of a prolonged bear market or will it rebound soon? Bloom
SpaceX (SPCX) shares fell more than 2% on Friday, extending a volatile stretch that has erased the stock’s post-IPO gains as investors continue debating whether Elon Musk’s AI and space ambitions justify one of the world’s richest valuations. The stock traded around $148, below its $150 listing price, after briefly soaring to a record closing
Cardano (ADA) traded higher on Friday as investors responded to fresh developments surrounding the network’s leadership and ongoing technical progress. The cryptocurrency climbed to $0.1688, marking a 0.6% gain over the past 24 hours, while trading near the upper end of its daily range between $0.1650 and $0.1697. Although the daily move was modest, ADA
Seagate Technology (STX) shares rose on Friday after Wells Fargo upgraded the data storage company to an Overweight rating. The analyst cited growing confidence in its long-term earnings potential and sustained demand for hard-disk drives (HDDs) driven by artificial intelligence infrastructure. The upgrade comes after Seagate shares pulled back in recent weeks amid concerns over
WD-40 Company (WDFC) shares surged on Friday after the lubricant and household products maker reported stronger-than-expected fiscal third-quarter results, driven by robust global demand for its flagship WD-40 Multi-Use product. The stock climbed more than 12% during the session and was on track for its highest level in nearly 20 months. The rally followed quarterly
South Korean semiconductor giant SK Hynix made history on Wall Street, listing on Nasdaq today via American Depositary Receipts (ADRs) under the ticker SKHY. The firm’s US initial public offering (IPO) priced at $149 was more than 7x oversubscribed – and raised a total of about $26.5 billion. This made it the largest-ever US listing
US stocks ended higher on Friday, with the S&P 500 closing just shy of a record high as enthusiasm around artificial intelligence and semiconductor stocks offset concerns over renewed tensions in the Middle East. Investors also turned their attention to the start of the second-quarter earnings season next week, when major US banks will begin
Bitcoin price has held steady in the past few days, moving from this month’s low of $57,725 to the current $64,000. It has flipped a crucial resistance level into a support, and formed a bullish pattern, pointing to more gains as the Crypto Fear and Greed Index rises. Bitcoin price rises as the Crypto Fear
Tata Consultancy Services shares rose more than 3% on Friday after India’s largest software exporter reported quarterly revenue ahead of estimates, helped by steady demand from banking clients, a weaker rupee and growing AI-linked work. The earnings beat did not erase concerns about slow discretionary spending across the sector. But it showed investors that the
Asian markets pushed higher on Friday as investors chose the AI trade over the oil shock. Stocks rose sharply across the region as traders returned to chipmakers, even as renewed US-Iran attacks slowed the recovery of energy shipments through the Strait of Hormuz. The move showed how powerful the semiconductor theme remains across Asia. But